India's forex reserves reached a record $648.6 billion in the week ended April 5, with a $2.4 billion increase in RBI gold holdings.
India's foreign exchange (forex) reserves hit a record high of $648.6 billion in the week ended April 5, up by nearly $3 billion from the previous week. This marks the seventh consecutive weekly increase. The rise in forex reserves can be primarily attributed to a $2.4 billion increase in the value of the Reserve Bank of India's (RBI) gold holdings during the week, which now stand at $54.5 billion.
April 12, 2024
19 Articles